§44D-8A-811. No Duty to Monitor, Inform, or Advise
(a) Unless the terms of a trust provide otherwise: (1) A trustee does not have a duty to:
§44D-8A-812. Application to Cotrustee
The terms of a trust may relieve a cotrustee from duty and liability with respect to another cotrustees exercise or nonexercise of a power of the other cotrustee to the same extent that in a directed trust a directed trustee is relieved from duty and liability with respect to a trust directors power of direction […]
§44D-8A-813. Limitation of Action Against Trust Director
(a) An action against a trust director for breach of trust must be commenced within the same limitation period as provided in 44D-10-1005 of this code for an action for breach of trust against a trustee in a like position and under similar circumstances. (b) A report or accounting has the same effect on the […]
§44D-8A-814. Defenses in Action Against Trust Director
In an action against a trust director for breach of trust, the director may assert the same defenses a trustee in a like position and under similar circumstances could assert in an action for breach of trust against the trustee.
§44D-8A-815. Jurisdiction Over Trust Director
(a) By accepting appointment as a trust director of a trust subject to this article, the director submits to personal jurisdiction of the courts of this state regarding any matter related to a power or duty of the director. (b) 44D-8A-815 of this code does not preclude other methods of obtaining jurisdiction over a trust […]
§44D-8A-816. Office of Trust Director
Unless the terms of a trust provide otherwise, the rules applicable to a trustee apply to a trust director regarding the following matters: (1) Acceptance under 44D-7-701 of this code;
§44D-8A-817. Effective Date
This article takes effect on July 1, 2020.
§44D-8A-808. Duty and Liability of Trust Director
(a) Subject to subsection (b) of this section, with respect to a power of direction or further power under 44D-8A-806(b)(1) of this code: (1) A trust director has the same fiduciary duty and liability in the exercise or nonexercise of the power:
§44D-8A-809. Duty and Liability of Directed Trustee
(a) Subject to subsection (b) of this section, a directed trustee shall take reasonable action to comply with a trust directors exercise or nonexercise of a power of direction or further power under 44D-8A-806(b)(1) of this code, and the trustee is not liable for the action. (b) A directed trustee must not comply with a […]
§44D-8A-810. Duty to Provide Information to Trust Director or Trustee
(a) Subject to 44D-8A-811 of this code, a trustee shall provide information to a trust director to the extent the information is reasonably related both to: (1) The powers or duties of the trustee; and